In some countries owing a home rather than renting one is very important for people. Why might this be the case? Do you think this a positive or negative situation?

Buying your own

house

or not is always

at

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a focal point of discussion. As a preference for their accommodation differs person by person and area by area, there is no shortage of debate on

this

topic. I simply agree with the statement that getting your own home is more beneficial than living in the space you rent. I feel

this

way for two reasons which I will explore in the following essay.

Firstly

, a home is your lifelong asset, which can be succeeded by the

next

generation. The monthly payments,

such

as paying back a property mortgage, or interest rate, can be recognized as investments. In case you pass away, the property can be taken over by your family members, which should be inherited for a long time. If you just rent a

house

instead

, the monthly rent is an essential expenditure and nothing you can acquire from those expenses.

Thus

, as a dwelling is a transferable and tangible asset, having your own building brings benefits to not only you but

also

your family in the future.

Secondly

, you can avoid a situation where you are not in control. Take my case

for example

. As I’m living in the flat as a tenant currently, I’m in a position where I need to move out from my flat if the landowner requires me to. On top of that, unless the landowner agreed, the monthly payment is exposed to a risk to be raised, depending on the particular index. Did I have my own accommodation, I would not be controlled by others' opinions. In conclusion, by having a

house

, we can make our own decision, which is not affected by a

third

party. To summarize, acquiring a dwelling is sort of an investment, from which your family can benefit and it allows you to settle and spend more time on other life events rather than concerning about your

next

day

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residence.

Therefore

, it is clear that the idea of having a home is more suggestible than renting a

house

. After a thorough analysis

on

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of

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this

subject, it is predicted that the positive effects of the debate over purchasing a

house

will always be greater than the negative effects, and because of

this

, having an own

house

is logically supported.